Bundesbank's Weidmann: ECB interest rates too low

FXStreet (Bali) - Bundesbank Chief Jens Weidmann crossed the wires over the weekend, saying that ECB interest rates too low for Germany adding that policy should be tighten as soon as it is possible.

Weidmann also commented: “It is clear that monetary policy, when seen from a German viewpoint, is too expansive for Germany, too loose. If we pursued our own monetary policy, which we don’t, it would look different.”

“But we are in a currency union. That means that, in our monetary policy decisions, we must orientate ourselves to the whole currency union", Weidmann added.